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NewsFlash / Nickel / Eramet and BASF Scrap Indonesia Nickel-Cobalt Plant Due to Adequate Nickel Supply and Chinese Competition
Eramet and BASF Scrap Indonesia Nickel-Cobalt Plant Due to Adequate Nickel Supply and Chinese Competition
Jan 22, 2025 13:48
Jan 22, 2025 13:48Source:SMM
Eramet and BASF Cancel Indonesia Nickel-Cobalt Plant Plan, Citing Sufficient Battery-Grade Nickel Supply
Recently, France's Eramet and Germany's chemical producer BASF canceled their plan to develop a $2.6 billion nickel-cobalt refinery in Indonesia, citing that the supply of battery-grade nickel is already sufficient. Western refineries also have to compete with Chinese refineries, which dominate Indonesia's nickel processing market and operate at lower costs.
Recently, France's Eramet and Germany's chemical producer BASF canceled their plan to develop a $2.6 billion nickel-cobalt refinery in Indonesia, citing that the supply of battery-grade nickel is already sufficient. Western refineries also have to compete with Chinese refineries, which dominate Indonesia's nickel processing market and operate at lower costs.
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